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Bio-ceramics market expected to record a CAGR of 6.1% during the forecast period

08-29-2017 01:51 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: REPORTSANDMARKETS

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bioceramics market, bioceramics market analysis, bioceramics market data, bioceramics market economy, bioceramics market price, bi

bioceramics market, bioceramics market analysis, bioceramics market data, bioceramics market economy, bioceramics market price, bi

Reports And Markets Publish a New Market Research Report On –"Bioceramics Market - Segmented by Material, Type, End-User Industry and Geography - Trends and Forecasts (2017 - 2022)"

Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1086093-global-bioceramics-market-segmented-by-material-forecasts-2017-2022

The global bio-ceramics market expected to record a CAGR of 6.1% during the forecast period from 2015 to 2020 with its market demand which was USD 12.5 billion in 2015 and is expected to reach USD 16.8 billion by 2020. Bio-ceramics are ceramic materials that are biocompatible and these owing to their properties such as biocompatible, wear resistant, light weight, are used in various applications and mostly for repair and replacement of diseased and damaged parts of the musculoskeletal system.

Their diverse properties make bio-ceramics be used in a variety of applications in surgical implants, dental and bone implants, joint replacements, bone graft substitutes, dental implants, orthopaedic load-bearing coatings, etc.

Market Dynamics of the Global Bio-Ceramics Market:

Drivers:

Growing demand for medical services and devices
Demand for biocompatible materials
Increased usage in dental care
Usage in replacement of hard tissues of the body
Growing need to maintain healthy lifestyle
Increasing need for implants continues to increase the demand for implantable bio-ceramics and composites
Rising urban populations and increasing consumer incomes are other market drivers.

Restraints:

Bio-ceramics are not resilient
Bio-ceramics are not easy to fabricate.

Bio-ceramics market has been divided according to the material types into aluminium oxide, zirconia, calcium phosphate, calcium sulfate, carbon, and glass; where alumina dominates the global market accounting for over 62% in 2015. Alumina used extensively in implants for dental and joint applications. Zirconia is also key ceramic materials for bone implants, which is primarily used due to its chemical inertness and mechanical strength.

The bio-ceramics market has also been divided according to the product types such as bioinert, bioactive and bio-resorbable. Bioinert ceramics provides corrosion and wear-resistance and is typically used as structural-support implant such as bone plates, bone screw, femoral heads. Bioactive ceramics are glass ceramics, dense non porous glasses.

Bio-resorbable ceramics are calcium phosphate, calcium sulphate, hydroxyapatite, tricalcium phosphate, ferric-calcium-phosphorous oxides. The bio-ceramics market has also been divided based on end user industry into orthopaedic, bone grafting, tissue engineering, dental care, drug delivery systems, cardiovascular and few others.

The market has also been geographically segmented into Asia-Pacific, North America, Europe, and South America. Europe is the largest and the fastest growing market for bio-ceramics with a major share of the total market. Positive outlook towards the orthopaedic sector in Germany is expected to drive market growth.

Also, Asia-Pacifics bio-ceramics market in the orthopaedic sector is also growing which is due to the rapidly expanding elderly population, where China market to witness strong growth in bio-ceramics market in this region as it is driven by the fact that people are gaining access to advanced medical treatment as healthcare reform reaches Chinas rural regions.

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North Americas bio-ceramics market also expected to increase due to research in bio-ceramics, increase in cancer incidences, growing prevalence of cardiovascular diseases in the U.S and increasing funding and R&D activities in Canada.

There is an increasing demand of bio-ceramics due to its various uses in biomedical fields, advancements in medical technology and increasing demand for medical devices, dental crowns, bridges, and bristles leading to the growth of the bio-ceramics market.

Also, due to the development of biomimetic composites and developing methods to produce customized nanoceramics, there is a constant increase in the demand for bio-ceramics which may result in higher growth rates leading to an increase in the bio-ceramics manufacturers.

Some of the major companies dominating this market for its products, services, and continuous product developments are:

Amedica Corp.
Bayer AG
Berkeley Advanced Biomaterials Inc.
Carpenter Technology Corp.
Ceram Tec
Corbion N.V.
Covalon Technologies Ltd.
Evonik Industries AG
Invibio Ltd.
Medtronic.
Morgan Advanced Materials
Royal DSM
Wright Medical Technology Inc.

Key Deliverables in the Study:

Analysis for the global bio-ceramics market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global bio-ceramics market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.

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